Industry News

Posts

Opportunities and Limitations for Microbusiness Licensing

Opportunities and Limitations for Microbusiness Licensing

Of all the license types available to cannabis business operators, the microbusiness license is among the least issued and discussed. Countless cannabis businesses of varying sizes are vertically integrated, with many holding licenses for multiple activities at the same location. Depending on state and local regulations, licensees frequently choose to cultivate, process, and sell cannabis out of the same business.

Cracking Down on the Cannabis Black Market to Save Legal Sales

Cracking Down on the Cannabis Black Market to Save Legal Sales

Today, the illegal cannabis market continues to thrive – even in states that have legalized adult-use cannabis. As more states work to roll out new recreational cannabis programs this year and others are expected to approve adult-use cannabis through legislation, it’s essential to consider what’s happening in the illegal markets within states that have operational adult-use cannabis programs.

3 Months after Election 2020 – What’s Happening in the Cannabis Industry?

3 Months after Election 2020 – What’s Happening in the Cannabis Industry?

It’s already been three months since the 2020 General Election. US voters elected a new president, Congress, state legislatures, and governors — most of whom are already settling into their positions for the legislative year. Additionally, five states’ voters made cannabis history by legalizing cannabis to some degree, either establishing medical or adult use markets, or in one case, launching both at the same time.

The Rise of Cannabis Brands

The Rise of Cannabis Brands

The growing importance of cannabis brands is not a new phenomenon. In all new industries, the importance of branding follows a specific path. As a new industry launches, the priorities are production and distribution, but as the market grows, more companies enter, saturation becomes a reality, and the emphasis for businesses shifts to focusing on products and differentiation – the foundation of which is branding.

Things You Need to Do to Get a Cannabis Business License

Things You Need to Do to Get a Cannabis Business License

In 2020, five states’ residents voted to allow recreational and/or adult-use cannabis. Specifically, Arizona, New Jersey, Montana, and South Dakota voters approved recreational cannabis, and South Dakota and Mississippi voters approved medical cannabis.

Cannabis Technology Opportunities: What’s Coming This Decade?

Cannabis Technology Opportunities: What’s Coming This Decade?

Cannabis technology opportunities will continue to grow in the coming years with Gartner reporting that current technology trends across all industries fall under three unique themes: people centricity, location independence, and resilient delivery.

Looking Ahead to the Cannabis Industry in 2021

Looking Ahead to the Cannabis Industry in 2021

At the start of 2020, cannabis industry insiders expected it to be a very big year, but then, COVID-19 hit and everything changed. The global pandemic brought some delays and some positive surprises for the industry, and it will continue to have a significant effect on the industry in 2021.

CCPA and CPRA Compliance: What Cannabis Businesses Need To Do Now

CCPA and CPRA Compliance: What Cannabis Businesses Need To Do Now

Enforcement of the California Consumer Privacy Act (CCPA) began on July, 1 2020. The CCPA gives consumers who reside in California significantly more control over how companies use their personal information.

The Cannabis and Hemp Industries in 2020 – A Recap

The Cannabis and Hemp Industries in 2020 – A Recap

Who could have ever guessed how the world would change in 2020 when the year began? A global pandemic, quarantines, and economic shutdowns were not part of the conversation when cannabis and hemp businesses developed their plans for 2020.

What’s Next for Hemp Pilot Programs?

What’s Next for Hemp Pilot Programs?

The 2014 Farm Bill included a provision for university-led research into hemp cultivation, processing, and business development via state-initiated programs. Some individual states permitted hemp cultivation through their agriculture agencies while maintaining a required research component for participating farmers.

Cannabis Businesses Invest in Their Futures with Political Donations

Cannabis Businesses Invest in Their Futures with Political Donations

Cannabis companies have been making political donations for years, and in 2020, those donations have continued to grow. In fact, some companies are investing aggressively to shape the future of the cannabis industry either by donating directly to campaigns ...

Cannabis and the 2020 Election

Cannabis and the 2020 Election

Next month, five states will be voting on seven ballot measures to legalize cannabis. A variety of proposals, including constitutional amendments, statutory initiatives, and alternative measures, could establish new medical cannabis markets in two states ...

Cannabis Software Stack:  Who Leads the Back Office Sector?

Cannabis Software Stack: Who Leads the Back Office Sector?

What does the Back Office sector of the cannabis software market look like, and which company is the market leader in 2020? Cannabiz Media dove into the data in the Cannabiz Media License Database and shared the answers ...

The Effects of Big Data and Technology on the Marijuana Industry

The Effects of Big Data and Technology on the Marijuana Industry

Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Today, databases, predictive analytics, artificial intelligence, and machine learning are having ...

How to Find the Right Cannabis License Holders to Strengthen Your Supply Chain

How to Find the Right Cannabis License Holders to Strengthen Your Supply Chain

A strong supply chain is essential to the success of any business, but building a supply chain in the cannabis industry presents unique challenges. One of the biggest challenges is finding cannabis license holders to build a strong and reliable supply chain.

Is Federally Legal Marijuana Coming Soon?

Is Federally Legal Marijuana Coming Soon?

Financial pressures, public opinion, social inequity, and public safety could lead to federal cannabis legalization sooner than many people previously expected.

Legitimizing the Cannabis Industry: Terminology and Codes of Conduct

Legitimizing the Cannabis Industry: Terminology and Codes of Conduct

By improving professionalism in the cannabis industry and elevating the customer experience, the entire industry will break the negative stereotypes of cannabis and cannabis users. In fact, it’s already happening.

How to Write CCPA Compliant Privacy Notices

How to Write CCPA Compliant Privacy Notices

An important component of ensuring your cannabis business or cannabis-related business is compliant with the California Consumer Protection Act (CCPA), which will be enforced starting on July 1, 2020, is updating and publishing compliant privacy notices.

The Value of Quality Data in the Cannabis Industry

The Value of Quality Data in the Cannabis Industry

Research from IBM Marketing Cloud found that 90% of the data on the internet has been created since 2016, and the amount of data created every day continues to increase. According to a separate study by IDC, the amount of data created ...

What’s Next for CCPA and Data Privacy in the United States?

What’s Next for CCPA and Data Privacy in the United States?

The California Consumer Privacy Act (CCPA) went into effect on January 1, 2020 and enforcement will begin on July 1, 2020. It’s the first of what will be many new state privacy laws, and it includes numerous protections for consumers as well ...